Pakistan is also considering imposing the flood Levy on those higher income brackets who are earning lofty profits in recent years and also said adjuster will be used to hike the budget deficit target envisaged at 4.9 per cent of GDP on eve of the budget for 2022-23.
Islamabad [Pakistan], April 27 (ANI): Pakistan's budget deficit skyrocketed to Rs 2.56 trillion, 4 per cent of the country's Gross Domestic Product (GDP), during the nine months of the current fiscal under the Former Prime Minister Imran Khan-led Pakistan Tehreek-e-Insaf (PTI) government.
Islamabad [Pakistan], January 20 (ANI): Pakistan's federal budget deficit in the first half of the current fiscal year shot up to Rs 1.8 trillion, a 29 per cent jump compared to the same period of the previous year, despite a slowdown in development spending and double-digit growth in revenu
Islamabad [Pakistan], June 9 (ANI): Having high unemployment, poverty and inflation, the Pakistan economy is under stress and the government plans to take nearly $16 billion gross foreign loans in the next fiscal year to meet the requirements of maturing external public debt and cover up the
Singapore, February 2 (ANI): Deficit targets presented in India's Budget are higher and medium-term consolidation more gradual than expected, Fitch Ratings said on Tuesday.
Nagpur (Maharashtra) [India], Aug 10 (ANI): According to the experts, the Centre and state governments will suffer a budget deficit of Rs 10 lakh crores due to COVID-19 pandemic, said Union Minister Nitin Gadkari on Sunday.
Washington [US], July 14 (Sputnik/ANI): The US federal budget deficit hit a record $864 billion in June amid the coronavirus pandemic, bringing total deficits for the year to an all-time high of $2.7 trillion, the Treasury's monthly statement showed on Monday.